A Favorable Balance of Trade Occurs When

question 49

Multiple Choice

A favorable balance of trade occurs when:

• A) exports equal imports.
• B) the balance of payments balances.
• C) the current and capital account in the BOP are equal.
• D) the value of the exports of goods exceeds the value of the imports of goods.

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Definitions:

Deep-Level

Pertaining to the underlying or more complex aspects of something, going beyond the surface level.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Awareness Of Others

The way we are aware (or unaware) of the feelings, behaviors, personalities, likes, and dislikes in other people.

Harmonious Workforce

A work environment where employees work together in a cooperative and conflict-free manner.